We want to allow the OETH Vault on Base to deposit ETH to OETH on mainnet and earn yield from it. This strategy just sits on a pile of bridged from mainnet wOETH. The value of this wOETH goes up as the exchange rate of bridged wOETH goes up.
To move WOETH into and out of this strategy, the strategist can swap WOETH for WETH, or WETH for OETH, at the current WOETH exchange rate.
Quick Summary
Deposits: Accepts WETH from Vault
Withdraws: WETH to Vault
Reward Tokens: None
Supported Assets: WETH
Check Balance: Returns value in WETH. WETH held + WOETH held * exchange rate
Default Strategy: No
Objective
We want to allow the OETH Vault on Base to deposit ETH to OETH on mainnet and earn yield from it. This strategy just sits on a pile of bridged from mainnet wOETH. The value of this wOETH goes up as the exchange rate of bridged wOETH goes up.
To move WOETH into and out of this strategy, the strategist can swap WOETH for WETH, or WETH for OETH, at the current WOETH exchange rate.
Quick Summary
Deposits: Accepts WETH from Vault Withdraws: WETH to Vault Reward Tokens: None Supported Assets: WETH Check Balance: Returns value in WETH.
WETH held + WOETH held * exchange rateDefault Strategy: No